SquadStack raises $17.5Mn in a new funding round
SquadStack, a SaaS-enabled talent marketplace for sales, has raised $17.5 million in a round led by Bertelsmann India Investments, along with participation from existing investors Chiratae Ventures and Blume Ventures.
With the new fundraise, SquadStack aims to hire top talent and strengthen its workforce for expansion. SquadStack helps consumer businesses that sell high-ticket products and services across segments such as brokerage, lending, insurance, e-commerce and edtech.
SquadStack combines data science, artificial intelligence (AI), and a decentralised network of sales experts to help consumer businesses scale with better conversions. SquadStack partners with existing sales talent and homemakers, allowing them to work from anywhere with the help of a smartphone.
Co-founder Apurva Agrawal, said, “We’re working towards revolutionising the Rs 80,000 crore Indian telesales industry that lacks innovation. Our combined solution of technology and human expertise solves a negative ROI problem for businesses and financially uplifts sales talent across the country.”
SquadStack’s team operates in a hybrid work model across five cities, Noida, Gurgaon, Bengaluru, Goa and Mumbai, and it will add three more cities in the coming months which are Chennai, Hyderabad and Pune.
In 2020, the SaaS firm raised $5 million in a Series A funding round led by Chiratae Ventures. Existing investor Blume Ventures also participated in the round. In 2017, SquadStack raised $2.1 million in pre-series A funding led by Blume Ventures.
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